Providence housing market
Typical home value
$522K
▲ 3.6% 1 yr
Typical rent
$2,166/mo
▲ 4.2% 1 yr
12-month forecast
+2.6%
#180 of 546 metros
Gross rent yield
5.0%
#409 of 546 · U.S. 6.3%
Days to pending
31 days
▼ −1 day 1 yr
Listings with a price cut
25%
▲ +1.9 pts 1 yr
Key takeaways
- 1The typical home is worth $522,248, up 3.6% in a year and up 33% over five years.
- 2Zillow forecasts home values rising 2.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,166/mo (+4.2% YoY), a 5.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,870/mo in principal and interest, $704 more than renting.
- 5Homes go under contract in 31 days (−1 day vs last year); 25% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 54/100, #88 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Providence compares
| Measure | Providence | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.6% | +1.2% | #147 |
| Home value, 5-yr change | +32.6% | +19.7% | |
| 12-month forecast | +2.6% | +1.1% | #180 |
| Rent, 1-yr change | +4.2% | +2.7% | #178 |
| Gross rent yield | 5.0% | 6.3% | #409 |
| Price-to-rent ratio | 20.1 | 15.8 | |
| Mortgage P&I on typical home | $2,870 | $2,012 | |
| Income needed to buy | $143,857 | $100,902 | |
| Days to pending | 31 | 56 |
Cities in the Providence metro
19 cities with home value and rent data.
| Providence | $432K | ▲ 2.3% | $2,190 | ▲ 4.8% | 6.1% |
| New Bedford | $439K | ▲ 3.4% | $1,811 | ▲ 2.7% | 4.9% |
| Fall River | $448K | ▲ 2.1% | $1,888 | ▲ 2.4% | 5.1% |
| Cranston | $455K | ▲ 1.8% | $2,092 | ▲ 2.7% | 5.5% |
| Pawtucket | $399K | ▲ 1.8% | $1,866 | ▲ 4.4% | 5.6% |
| Warwick | $421K | ▲ 4.3% | $2,235 | ▲ 5.7% | 6.4% |
| Taunton | $517K | ▲ 3.9% | $2,069 | ▲ 9.5% | 4.8% |
| East Providence | $445K | ▲ 2.1% | $1,998 | ▲ 3.6% | 5.4% |
| Attleboro | $536K | ▲ 2.9% | $2,366 | ▲ 4.1% | 5.3% |
| Woonsocket | $387K | ▲ 0.2% | $1,577 | ▲ 2.3% | 4.9% |
| North Providence | $415K | ▲ 2.5% | $1,826 | ▲ 2.6% | 5.3% |
| North Attleboro | $603K | ▲ 2.8% | $2,241 | ▲ 3.2% | 4.5% |
| West Warwick | $408K | ▲ 5.8% | $1,909 | ▲ 2.3% | 5.6% |
| South Kingstown | $720K | ▲ 6.6% | $2,795 | ▲ 7.7% | 4.7% |
| Mansfield | $709K | ▲ 3.2% | $2,630 | ▲ 4.2% | 4.5% |
| Westerly | $634K | ▲ 8.8% | $2,027 | ▲ 2.8% | 3.8% |
| Newport | $966K | ▲ 9.0% | $3,022 | ▲ 9.7% | 3.8% |
| Middletown | $766K | ▲ 5.6% | $3,327 | ▲ 11.5% | 5.2% |
| Bristol | $610K | ▲ 3.1% | $2,939 | ▲ 4.7% | 5.8% |
Run the numbers
Rental property calculator
Cash flow on a typical Providence rental ($522K, $2,166/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Providence home.
Rent vs buy
Is it cheaper to rent or buy in Providence?
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.